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Index Trend Analysis Report

Prepared for you on Tuesday, January 22, 2019.

GOLD BENCHMARK INDEX USD EXCESS RETURN (CME:SGICGDB)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

CME_SGICGDB
Open High Low SGICGDB Price Change
7396.72 7417.98 7383.50 7408.21 +0.57
Entry Signal

MarketClub’s Trade Triangles for SGICGDB

long term up The long term trend has been UP since Dec 7th, 2018 at 7231.473

intermediate term down The intermediate term trend has been DOWN since Jan 22nd, 2019 at 7383.630

short term down The short term trend has been DOWN since Jan 18th, 2019 at 7442.120

Smart Scan Analysis for SGICGDB

Based on a pre-defined weighted trend formula for chart analysis, SGICGDB scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for SGICGDB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7396.72 7417.98 7383.50 7408.21 +0.57
Prev. Close Volume Bid Ask Time
7450.64 0 2019-01-22 13:28:18
52wk High8092.3752wk High Date2018-01-25
52wk Low6852.97752wk Low Date2018-08-17
Want to analyze GOLD BENCHMARK INDEX USD EXCESS RETURN SGICGDB or another symbol? Try our Free Index Trend Analysis Report.